Question

purchased machinery for 1,00,000 by cheque and carrige 2,000 and installation charges 1,000 paid in cash​

Answer 1

Explanation:

machinery a/c dr. 100000

carriage a/c dr. 2000

ins. charges a/c dr. 1000

to cash a/c 3000

to bank a/c. 100000

Answer 2

The answer to the following question is below.

Explanation:

Given:

Machine = 1,00,000

Carriage charges = 2,000

Installation Charges = 1,000

                              Journal Entry

                         In the Books of ( --- Limited)

Date     Account Title and Explanation      Debit       Credit

             Machinery                      a/c Dr      1,00,000

             Carriage                         a/c Dr       2,000

             installation charges       a/c Dr       1,000  

             To Cash                         a/c                                3,000

             To Bank                         a/c                              1,00,000

(Being machine and other related expenses paid from cash and cheque.)

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